Clear Leisure Plc Conversion of Outstanding Bond
05 October 2018 - 11:30PM
UK Regulatory
TIDMCLP
5 October 2018
Clear Leisure Plc
("Clear Leisure" or "the Company")
Conversion of Outstanding 2010 7% Bond
The Board of Clear Leisure (AIM: CLP) announces that it has allotted and issued
1,625,000 new ordinary Clear Leisure shares on conversion by two bondholders of
the 2010 7% Bonds ("Bonds") with a face value of GBP65,000 into the ordinary
share capital of the Company. The issue of shares is pursuant to an agreement
reached between the Company and Bondholders in 2014.
Application has been made for the new ordinary shares to be admitted to trading
on AIM with admission expected to occur on or around 12 October 2018. The new
ordinary shares will rank pari passu with the existing ordinary shares of
nominal value 0.25p each in the capital of the Company (the "Ordinary Shares").
Following admission, the Company's enlarged issued share capital will comprise
514,717,462 Ordinary Shares. This figure may be used by shareholders in the
Company as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their interest
in, the share capital of the Company under the FCA's Disclosure and
Transparency Rules.
-ends-
For further information please contact:
Clear Leisure Plc
+39 335 296573
Francesco Gardin, CEO and Executive Chairman
SP Angel Corporate Finance (Nominated Adviser & Broker) +44 (0)20 3470
0470
Jeff Keating / John Mackay
Leander (Financial PR)
+44 (0)
7795 168 157
Christian Taylor-Wilkinson
About Clear Leisure Plc
Clear Leisure plc (AIM: CLP) is an AIM listed investment company with a
portfolio of companies primarily encompassing the leisure and real estate
sectors mainly in Italy. The focus of management is to pursue the monetisation
of all of the Company's existing assets, through selected realisations,
court-led recoveries of misappropriated assets and substantial debt-recovery
processes. The Company has recently launched a joint venture initiative in the
cryptocurrency mining sector. For further information, please visit,
www.clearleisure.co.uk
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